The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook
The sharemarket rose for a third-consecutive session after the dollar weakened further overnight. Non-resources companies with US dollar income remained in demand, although commodity price falls restrained the resources sector. The ...
Tags: Stocks, Aussie Fall
The sharemarket rose for a third consecutive session yesterday after the Australian dollar weakened further in offshore trade. Non-resources companies with US-dollar income remained in demand, although commodity price falls restrained the ...
Tags: Bourse, Greenback Exposure
High-profile stockbroker Charlie Aitken has weighed into the debate around the Australian dollar, saying that a wave of hedge funds could be set to short the currency and the biggest winners would be industrial stocks, not resources. As ...
Tags: Australian Dollar, Charlie Aitken
The sharemarket closed flat ahead of tomorrow's federal budget and after the Aussie fell below parity with the greenback. At the close today, the benchmark S&P/ASX200 index was up 4.2 points, or 0.08 per cent, at 5210.3 points. The ...
Tags: Stocks, sharemarket
The sharemarket ended flat yesterday as companies with offshore earnings and high-yield stocks returned to favour, offsetting weak demand for resources. Investors' recent enthusiasm for resources was dampened by further declines in ...
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
Local shares closed higher yesterday, even after paring a sharp rise early on in the session, as investors took profits ahead of an interest rate decision due from the Reserve Bank of Australia today. The stockmarket was buoyed by growing ...
Tags: Local shares, US Jobs Growth
The Australian dollar moved slightly higher amid gains on US share markets. At 6.30am AEST the currency was trading at 102.49 US cents, up from 102.36 US cents at yesterday’s local close. The Australian dollar made modest gains ...
Tags: Australian Dollar, US Stock
THE Australian dollar dropped below 103 US cents for the first time in three days amid falls on US stock markets and weaker commodity prices. At 6.30am AEST the currency was trading at 102.77 US cents, down from 103.54 US cents at ...
Tags: Australian Dollar, US Stocks
The Australian dollar has rallied to its highest level in 11 days following gains on global share markets. The currency rose to 103.60 US cents early today, its highest level since April 19. By 7am AEST it had dropped back slightly and ...
The Australian dollar dropped below 103 US cents following weakness on global share markets and commodity prices. At 6.30am AEST the currency was trading at 102.81 US cents, down from 103.10 US cents on Friday afternoon. The currency ...
Tags: Australian dollar, currency
The Australian market opened higher, led by gains for the four major banks ahead of their first-half numbers. At 10.20am AEST the benchmark S&P/ASX200 index was up 23.2 points, or 0.46 per cent, at 5120.7 points. The broader All ...
Tags: Australian market, earnings
Macquarie Research has cut its price forecast for several commodities, including copper and gold, due to renewed concerns about future commodities demand as optimism about the global economy erodes. Macquarie Research, a unit of Macquarie ...
Tags: Macquarie Research, Demand Fears